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The Editorial Board: Solid tech hub plan augurs well for this region

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BUFFALO, NY (The Buffalo News) — If the Senate majority leader’s optimism counts, this expanded region’s application for designation as a federal tech hub is all but in the bag.

The Buffalo-Rochester-Syracuse bid made the first cut last year when it was designated one of 31 “tech hubs” out of about 400 across the country. Of those 31, five to 10 will be eligible for federal grants of about $54 million. If the upstate entry is among them, New York State has pledged to contribute an additional $10 million.

And that money would work as “seed capital” that can be used to attract additional investments, said Dottie Gallagher, president and the CEO of the Buffalo Niagara Partnership. The payoff for upstate, said another economic development leader, would be “transformational.”

Read the article here.

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